Curve Dao Coin Revisits The 2022 Bottom Support; Accumulate Again?

Published 15 hours ago

The 20% intraday drop in Curve dao coin offers an excellent follow-up on yesterday’s downfall in the crypto market. In addition, the long red candle breached the $0.682 support, offering more ground in sellers’ control. Should you sell your CRV now or wait for price recovery?

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Key points:

  • The Curve dao coin price breaks another support of $0.682
  • The daily-RSI slope may soon dive into the oversold region
  • The intraday trading volume in the CRV token is $183.4 Million, indicating a 15% gain.

Curve Dao Coin

Source-  Tradingview 

In response to the ongoing bloodbath in the crypto market, the Curve Dao price turned down from the $1 psychological resistance with a massive red candle. However, It seems the major reason behind the market’s sharp sell-off is due to the FTX crypto exchange liquidity crisis and FUD surrounding it. 

This downfall registered a 40% loss in the last two days and plunged the price to the $0.6 mark. Furthermore, the prices breached several support levels during the downfall, such as $0.86, $0.8, and, just recently, $0.682.

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This breakdown offers additional resistance is sellers’ to pull the CRV price lower Moreover, a significant surge in volume during the price drop reflected a high momentum fall. Thus, with sustained selling, the Curve dao coin price tumble 8.75% down to revisit the 2022 button support of $0.561.

Nonetheless, crypto investors should keep a close eye on the possible price behavior at $0.561 as it will influence the near-term future.,

Technical Indicator

MACD indicator: a bearish crossover between the MACD and signal bolster seller to plummet the prices back to support $0.561. Moreover, these slopes dived into the bearish territory, indicating negative sentiment among market participants.,

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Bollinger band: the falling prices breached the indicator’s support trendline, suggesting selling from trades that need to be stabilized.

 curve Dao Price Intraday level

  • Spot price: $0.61
  • Trend: Bearish
  • Volatility: Low,
  • Resistance levels- $0.68 and  $0.8
  • Support levels- $0.56 and $0.4

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From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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